BVCA Private Equity and Venture Capital Performance - BVCA admin

Contents
Overall performance
Foreword 2
Highlights 3
The UK private equity industry 10
Returns by investment stage – IRR and multiple 12
Returns by vintage year (1996 onwards) and investment stage – IRR and multiple 18
Range of returns
Range of returns (IRR and multiple) since inception – investment stage and subcategory 21
Range of returns (IRR and multiple) since inception – vintage year 24
Range of returns (IRR and multiple) since inception – investment stage 27
(1996 onwards and vintage year)
Capital raised and realised
By investment stage and subcategory 30
By vintage year 31
Appendices
Appendix I Methodology 33
Appendix II Glossary of terms 35
Appendix III Principal comparators and asset class overview 37
Appendix IV Range of returns (IRR) medium to long term 39
Appendix V Since-inception range of returns – vintage year band and investment stage 43
Appendix VI Worked examples 52
Appendix VII List of responding managers 54
Appendix VIII Frequently asked questions 56
BVCA Private Equity and Venture Capital Performance Measurement Survey 2010 1